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Technical & Derivatives Report
December 13, 2019
Sensex (
40582
(1
1972
)
After a smart recovery in the last hour in Wednesdays session,
the indices opened gap up in yesterday’s trading session. During
the day, the index reclaimed the 12000 mark as the broader
markets witnessed good momentum and it ended the session at
11972 with gains of over half a percent.
Wednesday’s tail end recovery had set the tone for yesterday’s
positive opening. The indices then witnessed a swift up move on
the weekly F&O expiry session to conclude on a positive note.
The index surpassed the 12000 mark in intraday, but ended the
session tad below it. The banking space took the leadership as
large cap names from this space witnessed up move with good
volumes. A sustained move above 12000 could again lead to
some broad based buying which could provide good trading
opportunities. The Buy on dip approach to accumulate stocks for
positional trade seem to be working quite well and hence,
traders are advised to continue to capitalize on the same and
trade with a positive bias. For today’s session, the support for
Nifty is placed in the range of 11930-11900 whereas resistance
is seen around 12050-12075.
Key Levels
Support 1 – 11930 Resistance 1 – 12050
Support 2 – 11900 Resistance 2 – 12075
Exhibit 1: Nifty
Daily
Chart
Nifty Bank Outlook
-
(
31666
)
Following the last hour positive momentum from the previous
session, the bank index too started with a gap up opening and
traded with a positive bias throughout the session to end with
gains of 1.31% at 31666.
In our previous session, we had mentioned the signs of
resumption of the primary uptrend and yesterday we witnessed
an outperformance by the banking index. Going ahead, the bias
remains positive and we expect the positive momentum to
continue towards 32000 - 32160 in the near term. Traders are
hence advised to keep a positive approach and use intraday dips
as a buying opportunity. As far as support levels are concerned,
immediate support is placed around the bullish gap left
yesterday around 31330-31350 levels.
Key Levels
Support 1 – 31350 Resistance 1 – 32000
Support 2 – 31330 Resistance 2 – 32160
Exhibit 2: Nifty Bank
Daily
Chart
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Technical & Derivatives Report
December 13, 2019
Nif
ty Vs OI
Views
Post strong recovery on Wednesday’s session, we
began yesterdays session on a cheerful note and saw
follow-up buying to reclaim 12000 mark. However, due
to some profit booking in the last half an hour index
concluded the session above 11950 with the gains of
half a percent.
FIIs were net sellers in the cash market segment to the
tune of Rs. 684 crores. In index futures, they bought of
worth Rs. 720 crores with a marginal rise in open
interest, suggesting a blend of fresh long formation
along with short covering took place in yesterday’s
trading session.
Despite decent sell-off in the initial part of November
series, we haven’t seen any major short formation in
index future segment. However, in the recovery seen in
last two sessions, we witnessed fresh buying in both
Nifty as well as BankNifty. At present, 12000 is an
immediate hurdle but considering the above
development, we expect continuation of this upmove
beyond 12000. Hence, we would advise traders to buy
ATM index calls on intraday declines.
Comments
The Nifty futures open interest has increased by 4.54%
Bank Nifty futures open interest has increased 5.76% as
market closed at 11971.80 levels.
The Nifty December future closed with a premium of
56.85 points against a premium of 28 points in last
trading session. The January series closed at a premium
of 106.70 points.
The INDIA VIX has decreased from 13.37 to 13.34.
At the same time, the PCR-OI of Nifty has increased
from 1.21 to 1.37.
Few of the liquid counters where we have seen high cost
of carry are DISHTV, OIL, UNIONBANK, NBCC and
TATAPOWER.
OI Gainers
SCRIP OI
OI
CHG. (%)
PRICE
PRICE
CHG. (%)
POWERGRID 35880000 16.06 184.75 1.70
IGL 7257250 11.12 410.05 -1.77
APOLLOHOSP 1678500 10.87 1385.50 -0.54
TATAMOTORS 64828100 9.90 173.35 7.15
MUTHOOTFIN 4369500 8.90 712.80 2.22
ONGC 32361200 8.76 125.90 -0.90
TATACHEM 2228400 8.36 659.60 1.53
EXIDEIND 9942200 8.31 184.25 2.49
OI Losers
SCRIP OI
OI
CHG. (%)
PRICE
PRICE
CHG. (%)
HEXAWARE 1164000 -8.27 340.05 0.62
SAIL 76450200 -4.64 39.80 4.31
JUSTDIAL 2202200 -4.26 568.40 0.44
GODREJCP 4400800 -4.16 666.20 -0.45
ASHOKLEY 57146000 -3.99 78.50 2.67
AMARAJABAT 1273400 -3.00 735.60 1.12
ADANIPOWER 77220000 -2.89 60.40 0.75
NIITTECH 412500 -2.83 1484.20 -0.04
Put-Call Ratio
SCRIP PCR-OI PCR-VOL
NIFTY 1.37 1.02
BANKNIFTY 1.46 0.71
RELIANCE 0.66 0.58
ICICIBANK 0.94 0.75
INFY 0.63 1.30
Historical Volatility
SCRIP HV
CUMMINSIND 30.83
TATAMOTORS 68.44
TATAMTRDVR 70.37
MANAPPURAM 45.22
VEDL 41.53
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Technical & Derivatives Report
December 13, 2019
Note: Above mentioned Bullish or Bearish Spreads in Nifty (December Series) are given as an information and not as a recommendation.
Nifty Spot
=
119
71.80
Lot Size = 75
FII Statistics for
December
12, 2019
Detail Buy Sell Net
Open Interest
Contracts
Value
(in Cr.)
Change
(%)
INDEX
FUTURES
3087.17 2367.59 719.58
165841 14098.40 0.40
INDEX
OPTIONS
357627.28 357125.53 501.75
568731 49015.73 (5.80)
STOCK
FUTURES
12697.23 12761.57 (64.34) 1594423 94193.65 (0.53)
STOCK
OPTIONS
3445.75 3402.55 43.20
66930 3696.88 (0.39)
Total 376857.43
375657.24
1200.19
2395925
161004.66
(1.77)
Turnover on
December
12
, 2019
Instrument
No. of
Contracts
Turnover
( in Cr. )
Change
(%)
INDEX
FUTURES
252017 18468.95 5.07
INDEX
OPTIONS
17512231 1234509.04 38.31
STOCK
FUTURES
780716 38639.93 5.24
STOCK
OPTIONS
798826 39519.99 8.53
TOTAL 1,93,43,790 1331137.91 35.38
Bull
-
Call Spreads
Action Strike Price Risk Reward BEP
Buy 12000 122.25
50.35 49.65 12050.35
Sell 12100 71.90
Buy 12000 122.25
84.80 115.20 12084.80
Sell 12200 37.45
Buy 12100 71.90
34.45 65.55 12134.45
Sell 12200 37.45
Bear
-
Put Spreads
Action Strike Price Risk Reward BEP
Buy 12000 93.70
35.80 64.20 11964.20
Sell 11900 57.90
Buy 12000 93.70
57.00 143.00 11943.00
Sell 11800 36.70
Buy 11900 57.90
21.20 78.80 11878.80
Sell 11800 36.70
Nifty Put
-
Call Analysis
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Technical & Derivatives Report
December 13, 2019
Daily Pivot Levels for Nifty Constituents
Scrips S2 S1
PIVOT
R1
R2
ADANIPORTS 368 370
373 376
379
ASIANPAINT 1,718 1,735
1,744 1,760 1,770
AXISBANK 711 716
721 727
731
BAJAJ-AUTO 3,240 3,251
3,267 3,278 3,294
BAJFINANCE 3,989 4,023
4,044 4,078 4,099
BAJAJFINSV 9,042 9,106
9,145 9,208 9,248
BPCL 480 486
492 498
504
BHARTIARTL 432 435
440 443
447
INFRATEL 243 247
253 258
264
BRITANNIA 3,011 3,043
3,061 3,092 3,111
CIPLA 448 454
459 465
470
COALINDIA 184 187
189 192
194
DRREDDY 2,876 2,891
2,905 2,920 2,934
EICHERMOT 21,359 21,657
21,879 22,176 22,398
GAIL 115 117
119 120
122
GRASIM 765 770
774 779
784
HCLTECH 527 532
540 544
552
HDFCBANK 1,246 1,255
1,262 1,271 1,278
HDFC 2,292 2,305
2,316 2,329 2,340
HEROMOTOCO
2,292
2,313
2,329
2,350
2,366
HINDALCO 194 198
201 205
208
HINDUNILVR 1,982 1,995
2,015 2,027 2,047
ICICIBANK 527 531
534 538
541
IOC 124 126
127 129
130
INDUSINDBK 1,409 1,427
1,439 1,456 1,469
INFY 686 694
707 715
729
ITC 236 237
239 240
241
JSW STEEL 247 251
254 259
262
KOTAKBANK 1,668 1,692
1,706 1,730 1,744
LT 1,262 1,271
1,277 1,286 1,292
M&M 505 509
511 515
518
MARUTI 6,937 6,968
7,007 7,039 7,078
NESTLEIND 13,999 14,077
14,155 14,233 14,311
NTPC 112 113
114 115
116
ONGC 124 125
127 128
129
POWERGRID 177 181
185 188
192
RELIANCE 1,549 1,559
1,566 1,576 1,583
SBIN 310 316
319 325
329
SUNPHARMA 426 430
434 438
442
TCS 1,930 1,975
2,030 2,075 2,129
TATAMOTORS 158 166
170 178
183
TATASTEEL 401 410
415 424
430
TECHM 745 751
758 764
772
TITAN 1,171 1,180
1,186 1,194 1,200
ULTRACEMCO 3,953 3,972
4,003 4,023 4,054
UPL 551 560
571 580
591
VEDANTA 137 140
143 146
148
WIPRO 237 238
240 241
242
YESBANK 40 43
46 49 52
ZEEL 273 279
283 288
292
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Technical & Derivatives Report
December 13, 2019
*
Research Team Tel: 022
-
39357800
Website:
www.angelbroking.com
For Technical Queries E-mail: technicalresea[email protected]gelbroking.com
For Derivatives Queries E-mail: derivatives.des[email protected]gelbroking.com
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